Unfortunately our buy stop was not triggered on USDjpy.So we went for the jugular of EURusd when we saw the need to go for it. Unfortunately the Forex Mechanics were busy so we could not post the trade.But there is still an opportunity to go for it.
See the evidence below.
We believe after the price broke 1.24437, and there was a pullback continuation pattern t , the price will move 160 pips before returning. So our target is 1.22633
This is just for educational purpose only and not a recommendation for you to trade.
See You Later.
Thursday, 6 November 2014
EURjpyFX
The Forex Mechanics came in with late News today. They want us to long on EURjpy. We enter at 143.545 and Exit at144.100. Hope you took some pips yesterday. We are still longing on USDjpy.
What we have suggested is about seventy pips but we lock when it reaches 20 pips
What we have suggested is about seventy pips but we lock when it reaches 20 pips
Wednesday, 5 November 2014
USDjpyFX
The Forex Mechanics have suggested we go long on USDjpy. These pair will go long for the whole of the month of November. EURaud will also go long for the month. So most of the time we are going to be trading long position on these pairs. This does not mean that there will not be a short position but that will only be a retracement for a short period.
For Today we are trading USDjpy long Enter at 114.490 T.P at 114.656
For Today we are trading USDjpy long Enter at 114.490 T.P at 114.656
Tuesday, 4 November 2014
AUDjpyFX
Hi, The price did not get to our sell stop on EURusd yesterday so nothing spoil. Even though we made some pips as posted. Today we are going long on AUDjpy Entry 99.499, Exit 99.782 that is almost 25 pips.
We also think that AUDusd will go back to the North. Why?
We took a short trade yesterday believing that the price will bounce back at 0.86368 and the price got to that level and bounced back . Price has tried several times to break this level without success. We waited for the price to break this level, but it couldn't.but rather bounced back. You will see this on the daily T.F chart above. The Forex Mechanics believe history will repeat itself and the price might get to the 23.6 Fibo level before returning.That is about 101 pips from the current price at 0.87239. Although the Forex Mechanics adviced that we take profit when it gets to 50 pips because of the gap down at the beginning of the week.
Thanks
Mind you this is just for the purpose of education
We also think that AUDusd will go back to the North. Why?
We took a short trade yesterday believing that the price will bounce back at 0.86368 and the price got to that level and bounced back . Price has tried several times to break this level without success. We waited for the price to break this level, but it couldn't.but rather bounced back. You will see this on the daily T.F chart above. The Forex Mechanics believe history will repeat itself and the price might get to the 23.6 Fibo level before returning.That is about 101 pips from the current price at 0.87239. Although the Forex Mechanics adviced that we take profit when it gets to 50 pips because of the gap down at the beginning of the week.
Thanks
Mind you this is just for the purpose of education
Monday, 3 November 2014
CADjpy STILL BUYING
We just want you to see what CADjpy has continued to do. Still very much going in our direction.
Well take you decision. Its all left to you. This is an account we just opened.
Well take you decision. Its all left to you. This is an account we just opened.
PLSCORRECT
We have just corrected the analysis we gave. We analyzed AUDusd and EURusd So there was miscarriage. We have updated the Articles. Please readm and correct. Sorry For the Mistakes
SHORTEURusdFX
Hi, Happy New Month. Hope you had a nice weekend. This morning we are placing a short on EURusd
Entry at 1.24345 T.P at 1.2377087008.
This is about 23 pips .I think that should be enough for the day.
See you later.
Entry at 1.24345 T.P at 1.2377087008.
This is about 23 pips .I think that should be enough for the day.
See you later.
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